India Reliance Q3 Oil-to-Chemicals rev up 10%
In a statement, the producer attributed the improved performance to higher volumes of transportation fuels, PTA and polyester.
It’s earnings before interest, tax, depreciation and amortization (EBITDA) increased 10.3% on-quarter to INR97.6 billion ($1.3 billion) due to higher product sales and a shifting from product placement from exports to the domestic market.
Reliance said overall polymer demand grew 8% on-quarter and polyester demand growth was 38% and noted that PP, PE and PVC prices by 18%, 8% and 29% on-quarter.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- PP markets in China, Vietnam hit 3-year lows, readying to test new lows
- African PE, PP markets extend slide into May
- Asian PS, ABS markets at 2½-3-year lows amid Chinese oversupply
- India’s Q1 PVC imports hit record-high; did buyers rush to stock up before expected restrictions?
- LDPE prices move below LLDPE, HDPE on global lethargy
- Slide deepens in Middle Eastern PP, PE markets through May
- Oil prices down for fourth straight week, delicate balance ahead
- European ABS under pressure from aggressive imports, PS holds firm
- Türkiye witnesses plentiful PE offers amid globally weak demand
- India PP, PE markets’ slump extends into third month ahead of monsoon